Alston & Bird client Tyler Peters, a former bond trader at Nomura Securities International, Inc., was acquitted on all charges following a six-week jury trial in U.S. District Court in Hartford, CT.

Peters was indicted in September 2015, along with two other Nomura bond traders, on nine counts of conspiracy, securities fraud, and wire fraud. The U.S. Attorney’s Office for the District of Connecticut alleged that between 2009 and 2013, Peters engaged in a scheme to mislead trading counterparties about the price of residential mortgage-backed securities (RMBS), as well as the amount of compensation Nomura would receive in connection with certain RMBS transactions.

Trial began on May 8, 2017, and following six days of deliberations, the jury acquitted Peters on all nine counts.